Alfa: Quarterly Report 2Q22: Positive strategy and Alpek main driver

  • Positive quarter driven by Alpek’s figures, Sigma with lower profitability, and Axtel continues really affected

  • Axtel spin-off its expected by the end of 2022, projecting an Alfa NAV w/o Axtel of $22.12 and a discount of 35.5%

  • The discount on the Net Asset Value of Alfa, close to 35%, seems to us extremely interesting to accumulate positions
July 25th, 2022
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